105 Unit Portfolio
Multifamily | 105 Units | $97,619/unit
Marketing description
Spread across two city blocks and encompassing 14 individual buildings, this remarkable property comprises a total of 105 units. Centrally located in DeKalb, it seamlessly fuses historic charm with modern convenience. Notably, its close proximity to Northern Illinois University establishes a steady demand for rentals, making this a prime investment prospect. Moreover, with current rents below market standards, the property presents a promising value-add opportunity. By strategically renovating and enhancing units, there exists the potential to raise rents while providing residents with updated living spaces. 97 of 105 units have have individual laundry units. This blend of historical ambiance, convenient urban living, and the prospect of maximizing returns makes this investment an intriguing choice for those seeking both financial growth and the chance to contribute to DeKalb's thriving community.
Investment highlights
Embrace the epitome of modern living in DeKalb, Illinois, where small-town charm meets contemporary convenience. Positioned for excellence, this 105-unit property rests at the heart of a city enriched by its history, propelled by its educational prominence as home to Northern Illinois University, and embraced by a close-knit community that thrives on cultural events and recreational pursuits. Seamless connectivity, a tapestry of local amenities including diverse dining and shopping options, and the allure of nearby natural wonders make this property an irresistible investment. With a finger on the pulse of DeKalb's economic stability, educational magnetism, and vibrant spirit, seize the opportunity to partake in both a flourishing real estate endeavor and the essence of a dynamic Midwestern lifestyle.
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